Those who predict the end of the world are usually very wrong. Exception: Noah. Those who predict finding the pot of gold at the end of the rainbow are usually very wrong. Exception: Dorothy.

Yes, in the past a couple prognosicators have gotten it right on both the upside and the downside. But they were one-shot phenoms who never made a big splash again, suggesting it was mostly luck. I still suggest keeping a diversified porfolio and adjusting the equity/fixed ratio a little when your instincts tell you to.

FWIW, Value Line recently lowered their suggested equity/fixed ratio from 60-70% equity to 55%-65% equity. A bit more cautious but certainly not bearish.